Life Cover

By: Free Financial Advice  08-17-2010
Keywords: Financial Planning, Life Insurance, Investment Planning

Simply put, a life insurance policy provides an immediate lump sum payment upon your death.In exchange for your premium, the life company will insure your life (or the life insured) so when you die, your dependants (the beneficiaries) will be paid your life cover amount and be protected from the extra pain of financial hardship.

You insure your car, your TV, your house against the possibility of loss, why wouldn't you insure yourself?
You are worth far more than any of these assets!

Keywords: Financial Planning, Investment Planning, Life Insurance